A significant component in teaching is transferring information in a clear and concise manner, this small lecture exemplifies the principle. firstclass.
Very good explanation and very accurate with one additional bit of information: The insurance companies who sold the credit default swaps also had insurance on those credit default swaps and that’s why it spread like wildfire.
While I understood the mechanics of how Swaps such as CDS's work prior to this video; your method of getting it across is definitely the best that I've seen.
It's so refreshing to get a simple explanation, as opposed to complicated rabbit holes intended to to make one feel stupid or out of the loop. Thank you, sir, for just making sense.
Absolutely the best explanation ever about CDSs. You made it so simple! I am sure there are a lot of technical details about these instruments, but this is all we needed to know. Thank you.
Wonderful, wonderful explanation. I was a real estate for eight years, and I can tell this is exactly how it all works for the benefit of the banks. I've never met anyone who owned their home. When they needed to sell it, they were always upside down on their equity and usually took a loss or just walked away from it, leaving their furniture behind. The bank would foreclose on it and wait for someone else it up.
Very simplified, but a nice starting point to understand a bit more I guess. The kicker is the fact organisations who weren't involved in constructing or selling houses, issuing mortgages or selling insurance products put huge amounts of money in the game too - a game which ended in tears of course. A few who could see the risk and problem made a lot of money though, by effectively bettering (or hedging) the game would end in tears.
I've seen movie on the same topic but didn't got to know at that point of time.. and Your two minute video and i got it.. That's called Teaching. Thanks Sir .
Me: "Yeah dude a CDS is actually a pretty simple once u hear it explained.. Its like let's say you have insurance. Or wait you're the bank ok and I have a mortgage... Ya know what man you probably wouldn't get it."
The fact that they bailed out banks with our money, took peoples homes anyway, yet didn't make credit default swaps illegal going forward tells you everything you need to know about who runs the show.
I just LOVE this video!! I have been trying to understand the movie The Big Short and this video just explained the whole thing! Wow, big laugh at the end too thanks!!!
This was amazing!! I've tried a few different avenues and couldn't quite get the hang of this but you out it so simply and your demonstration was awesome. Thank you!!
![Margin Call (2011) - Senior Partners Emergency Meeting [HD 1080p] (Re-Upload / Audio Fixed)](http://i.ytimg.com/vi/Hhy7JUinlu0/mqdefault.jpg)
Hands down. By far, the most simple and to the point explanation of CDS
*only
100% agree
Just watched The Big Short and a lot of it went over my head so now I'm trying to watch all these explanation videos.
Big Short brought me here aswell 😂
czcams.com/video/bc8q9H4bsps/video.html
Saaaaame
Same
Same here
Finally, someone has explained the whole s**t-show in a way that I can understand.
Thank you, sir!
You're very welcome! Glad it was helpful!
You can show this video to a young child or a golden retriever and they will understand it, great job.
I understood that reference!
@@napoleonsolo5929 me too :)
Thanks Andy. You are better than Wikipedia.
better than Investopedia on this
I wish the entire world of derivatives could be put into my head just like you did with credit default swaps. Thanks for making it funny 😊
You are so welcome!
Don't feel too lonely.
Are you Bengali by any chance?
A significant component in teaching is transferring information in a clear and concise manner, this small lecture exemplifies the principle.
firstclass.
Very kind of you Patrick. Thank you!
Very good explanation and very accurate with one additional bit of information: The insurance companies who sold the credit default swaps also had insurance on those credit default swaps and that’s why it spread like wildfire.
As my philosopher brother-in-law Chuckie would say: What a country!
So basically, this caused a chain reaction when the housing bubble popped?
While I understood the mechanics of how Swaps such as CDS's work prior to this video; your method of getting it across is definitely the best that I've seen.
Simplest and easy-to-digest video related to what are the Credit Default Swaps. Thank you Mr. Millard.
You're most welcome!
This was so wholesome.
“Thanks again, see you next time”
It's so refreshing to get a simple explanation, as opposed to complicated rabbit holes intended to to make one feel stupid or out of the loop. Thank you, sir, for just making sense.
Thanks so much, Jess!
This is just the explain like I’m 5 that I needed. Thanks
I wish school professors could explain complex subjects as good as you
Yea I needed this, it’s looking crazy right now with credit suisee
Fantastic video congratulations!!
what a beautiful and insightful explanations. I really liked it. hope see more of this simple nature for complex financial term.
Glad you liked it!
"Still has not been fixed." As mortgage rates rise, history will repeat itself.
You do not understand how simple you made this sound to me , i now fully understand it
Absolutely the best explanation ever about CDSs. You made it so simple! I am sure there are a lot of technical details about these instruments, but this is all we needed to know. Thank you.
You are most welcome! Glad it was helpful!
hands down the best explanation of credit default swaps on the internet
So that's what happened. I wish the Big Short would've depicted it this way.
Wonderful, wonderful explanation. I was a real estate for eight years, and I can tell this is exactly how it all works for the benefit of the banks. I've never met anyone who owned their home. When they needed to sell it, they were always upside down on their equity and usually took a loss or just walked away from it, leaving their furniture behind. The bank would foreclose on it and wait for someone else it up.
Your video saved so much of my time. Most videos are long on this subject and you simplified it to a great extent. Thanks!
You are most welcome, J S Bath. Stay tuned! ~Andy
Thank you , best explanation on the web
Glad you think so!
Wowwww it's a really good explaination!
Excellent explanation
Superb explanation. Thank you
It’s the Big companies faults not the people anyway but she was like buy a house
And thank you for explaining
I laughed my head off Andy. You are amazing. Way better than investopedia
That was a really creative explanation. Love the use of props.
And on that cheerful note.... Shake that money maker
Most simple explanation I've seen on Credit Default Swaps. Loved it. Shared it.
Very simplified, but a nice starting point to understand a bit more I guess. The kicker is the fact organisations who weren't involved in constructing or selling houses, issuing mortgages or selling insurance products put huge amounts of money in the game too - a game which ended in tears of course. A few who could see the risk and problem made a lot of money though, by effectively bettering (or hedging) the game would end in tears.
That was a great way to explain it!
Now that's how you describe Credit Default Swaps! I need you to teach all of my series 7 content lol
Thanks so much!
Good Video sir. Thank You Dr Burry.
7 years later: this is a problem that still has not been fixed.
Great video. It's like my Dad is explaining this stuff to me!
That was awesome
BRILLIANT @@@! SIMPLE - EXACT - RELEVANT
Ok. Now I'm pissed off again.
its funny that this is still happenning, years and years after. We really dont learn on our mistakes. 2023 here
We Americans sometimes tend to have a short collective memory.
So that's what jim lahey would look like sober
Yes, a little simplied. Watching the Big Short helps but even that needs to be explained.
Excellent Video!!!
the Great Depression started in '29, we're right on schedule
I've seen movie on the same topic but didn't got to know at that point of time.. and Your two minute video and i got it.. That's called Teaching. Thanks Sir .
You made my day!
I struggled a lot to understand CDS, thank you very much, one of the best explanations of the CDS on the entire internet!
Glad it was helpful!
And here we are again
Me: "Yeah dude a CDS is actually a pretty simple once u hear it explained..
Its like let's say you have insurance. Or wait you're the bank ok and I have a mortgage...
Ya know what man you probably wouldn't get it."
Wrinkle obtained! THX!
Thank you, best video by far!
Wow, thanks!
Many thanks for this simple explanation!!
Glad it was helpful!
The fact that they bailed out banks with our money, took peoples homes anyway, yet didn't make credit default swaps illegal going forward tells you everything you need to know about who runs the show.
the most perfect simple explanation ive ever seen
Thank you for that great comment!
Nice Explanation ...Thanks Andy...Request to create videos on FRM courses...
Great! I have been watching multiple videos and reading articles and still couldn't understand it until now! Thank you!
So glad it was helpful, Karen.
Easiest to understand explanation of the subject I’ve found. Thank you
SIR, YOUR explanation WAS BY FAR THE BEST!!!!!
Glad you think so!
wow this guy is absolutely fantastic
Fantastic. Exactly what you need out of a basic, introductory explanation. Thank you for not using jargon!
great explanation of a CDS
You're the best!
The best explanation I’ve seen
I just LOVE this video!! I have been trying to understand the movie The Big Short and this video just explained the whole thing! Wow, big laugh at the end too thanks!!!
Splendid! Equally educational, funny, and conscious. Why aren't you every manager and professor?
Thank you, Chill Bro!
Great video Andy. Well
Explained
Thanks 👍Glad it was helpful!
There's Brilliance in simplicity!
Brilliant explanation
Bro that intro was crazy funny! I am watching this at 5am and just fucking yelled AHAHAHAH
Ah, the good ol' days. When it was only Trilllions of $$'s.
Thank you
for that illustration!
Beautifully succinct.
Thank you kindly!
Great and simple explanation. I subscribed to the channel. Thanks.
Thank you for commenting and subscribing, Milciades.
That was indeed brilliant sir , ya kept it short and sweet to the point ! The concept just pierced through my dumb brain , thanks 👍
Thank you so much!
This was amazing!! I've tried a few different avenues and couldn't quite get the hang of this but you out it so simply and your demonstration was awesome. Thank you!!
Glad it was helpful!
How to get angry in under 3 minutes.
Nice and easy,thank you Sir
Great video !
This is a really awesome explanation. Thanks!
Amazingly explained! Thanks!
Best explanation for CDS. Thank you!
Super great video, thanks!
Explained very well. crisp and simple. Thank you all the way from India. continue the good work.
Very happy to do it!
If and only if Andy Millard were my teacher...Thanks Andy!
Sir u r awesome...love from India
Just great!!
Just picked this up. Awesome!!
Very clear explanation. Thank you!
Sometimes it takes toys to show it simplest
It was so nice of that little girl to loan me her beloved horse toys!
wowww thank you so much. Easy peasy lemon squeezy
Simple and explained so well.
thank you for making it simple enough to understand.
This was sa easy to understand and illustrative. Thank you!
the best explanation
Thanks so much, Uncle Sal!
outstanding!
My goodness, learned all I need to know about the financial meltdown in a 3 minute video, thank you!
Brilliant! "What could possibly go wrong....?"
Glad you found it useful!